Winding Road
Scion has added numbers to the Toyota sales behemoth for the last five years, but recently those sales have started to flag. The sub-brand saw sales grow from 10,898 units in 2003, to as high as 173,034 in 2006. But last year deliveries of Scion products fell to one-fourth to 130,181 units.
Further reinforcing the notion that the public is losing interest in the Scion brand is the data regarding the time vehicles spend sitting on dealer lots. In 2006 through the early part of 2007, Scion vehicles spent an average of 35 days in a dealer?s hands before being sold. During the same period in 2007 through 2008, that dealer wait had increased by over two-weeks to 50 days.
Could it be that Scion is simply charging too much for their vehicles these days? J.D. Power tells us that the transaction price for each sale has gone up for every model the automaker sells. The average sale price of the tC is up by $479 to $18,758, and the redesigned xB is commanding $1,749 more year- over-year.